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File photo of uncooked chicken wings. (Mimadeo/iStock/Getty Images)
Livestock

Brazil’s BRF gets nod to export wings to Canada

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Sao Paulo | Reuters — Brazilian food processor BRF said on Tuesday Canada has authorized chicken wing exports from two of its plants located in top farm state Mato Grosso. BRF has been seeking to sell more products to Canada to strengthen its position in developed markets and also shore up competition against domestic rivals
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy sag on profit-taking after USDA data

Midwest's winter wheat entering key growth phase

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Chicago | Reuters — U.S. corn and soybean futures each fell about two per cent on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said. Wheat futures also declined, following the trend, with beneficial moisture expected
Livestock, News

Brazil rancher groups oppose importing live cattle from Paraguay

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Reuters – A trade group representing Brazilian meat packers has asked the Agriculture Ministry for authorization to import live cattle from Paraguay, drawing criticism from ranchers, two farming associations said. The request to import live cattle from Paraguay, made by a trade group based in Mato Grosso do Sul, which borders Paraguay to the east,
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: U.S. supply and demand report stands pat

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MarketsFarm — Expected changes to ending stocks for soybeans, corn and wheat did not occur in the latest supply and demand report Tuesday from the U.S. Department of Agriculture (USDA). Rather, the department held onto its February projections. “I’m disappointed [the USDA] didn’t adjust anything. I’m not saying they didn’t do their homework. I’m just
Crops, Markets, Weather

U.S. grains: Soybeans near seven-year peak

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Chicago | Reuters — U.S. soybean futures hit their highest in almost seven years on Monday as forecasts for dry weather in Argentina and excessive rains in Brazil stoked supply concerns. Wheat futures declined, pressured by forecasts for beneficial rains in the U.S. Plains winter wheat belt late this week. Corn futures ended mostly higher
CBOT May 2021 soybeans with 20- and 40-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans jump on inclement South American weather

Weekly U.S. corn export sales miss expectations

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Chicago | Reuters — U.S. soybean futures settled higher on Thursday as adverse weather across South America fueled concerns about a short-term supply crunch. The market briefly turned lower late in the trading session amid gains in the U.S. dollar that make U.S. farm goods less attractive to importers, traders said (all figures US$). Prices
CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soy futures consolidate after gains

Excess rain in Brazil underpins soy, corn futures

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Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as the markets consolidated after rallying in the previous session. Strength in the U.S. dollar weighed on prices, analysts said, because a firm dollar makes U.S. farm products less attractive to importers (all figures US$). For soybeans, there was a “lack of fresh
CBOT May 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soy, corn up on unfavourable South American weather

USDA lowers ratings for Kansas, Texas wheat crops

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Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from losses the previous session, as concerns increased about unfavorable weather in crop-growing regions of South America. Traders are watching the effects of heat and dryness in Argentina and rains in Brazil amid worries about potential yield losses. The countries
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy, wheat futures ease in setback from surges

Sovecon raises Russian wheat export forecast

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Chicago | Reuters — U.S. grain and soybean futures eased on Monday in a setback from rallies driven by concerns about tight crop supplies. The markets will likely not decline too sharply, traders said, because of strong demand from China and the need for large global harvests. In corn, speculative bullishness in corn remains near

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